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Posted: Wed, 09 Jan 2008, 8:59pm Post subject: Anyone ever have to prove income w/ online poker???
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Flush
Joined: 05 Sep 2006
Posts: 370
WPP: 98
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Im thinking about getting a studio in the next month and a half. Online poker is my only form of income and has been for a couple years now. Has anyone had any experience dealing with this??
Id rather not have to go to the folks to get a cosigner or something. Help me out please. |
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Posted: Sun, 10 Feb 2008, 9:49pm Post subject:
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Flush
Joined: 05 Sep 2006
Posts: 370
WPP: 98
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Posted: Sun, 10 Feb 2008, 9:55pm Post subject:
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4-of-a-Kind
Joined: 03 May 2007
Posts: 3817
WPP: 142
Location: Ballarat, Australia
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| No experience, but I'd have thought your best bet would be either bank statements showing deposits, or tax returns (if you've been declaring it as income). |
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Posted: Mon, 11 Feb 2008, 6:50am Post subject:
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4-of-a-Kind
Joined: 03 Mar 2005
Posts: 3566
WPP: 98
Location: Your place or my place
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| a few people ive heard got over the difficulty by paying for x months in advance. |
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Posted: Mon, 26 May 2008, 7:22pm Post subject:
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Full House
Joined: 25 Jan 2005
Posts: 1452
WPP: 79
Location: im so asian
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| Just offer to pay a large amount up front, thats what i did to get a good loan on a house. Otherwise they dont take you very serious. |
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Posted: Thu, 12 Jun 2008, 2:16am Post subject: Re:Anyone ever have to prove income w/ online poker?
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High Card
Joined: 11 Jun 2008
Posts: 7
WPP: 51
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| According to a report in Forbes, The American Gaming Association, the trade group, a major land-based casinos throughout the country, spent $ 800000 in the first quarter of 2008 to lobby Congress on Internet gambling legislation and other issues. |
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Posted: Mon, 21 Jul 2008, 6:06pm Post subject:
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High Card
Joined: 15 Jul 2008
Posts: 2
WPP: 27
Location: NJ
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Wow...your ONLY form of income???  You make enough at online poker to live?? Im pretty new to this, can I ask how much you make in a year? (sorry if that's too personal, im very curious though) |
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Posted: Mon, 21 Jul 2008, 6:34pm Post subject:
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Straight Flush
Joined: 22 Nov 2005
Posts: 4170
WPP: 113
Location: ISHPERMING MISHIGEN
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| pokermama66 wrote: | | Wow...your ONLY form of income??? You make enough at online poker to live?? Im pretty new to this, can I ask how much you make in a year? (sorry if that's too personal, im very curious though) |
maybe you'll my this graph then - its ftr member bigspenda73 |
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Posted: Mon, 21 Jul 2008, 7:06pm Post subject:
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Flush
Joined: 02 Oct 2007
Posts: 540
WPP: 199
Location: England
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| Am I reading that right? Winnings of one and a quarter million? |
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Posted: Mon, 21 Jul 2008, 9:09pm Post subject:
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Straight Flush
Joined: 22 Nov 2005
Posts: 4170
WPP: 113
Location: ISHPERMING MISHIGEN
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| in 10 days and 15k hands, yes |
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Posted: Mon, 21 Jul 2008, 9:25pm Post subject:
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i wouldn't mind a change...
Joined: 13 Jul 2004
Posts: 4643
WPP: 90
Location: TagFish
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LOL @ Carl.
To the OP: Just send the place last years tax return. I'm moving too and they wanted proof of income, that and a credit check.
EZ PZ. |
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Posted: Mon, 08 Sep 2008, 4:36pm Post subject: online professional
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High Card
Joined: 18 Aug 2008
Posts: 4
WPP: 44
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| i know loads of people who just play online poker for their job. There's loads of money out there. They like the cash but a lot of them hate the hours. |
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Posted: Thu, 23 Oct 2008, 8:28pm Post subject:
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3-of-a-Kind
Joined: 05 Aug 2008
Posts: 102
WPP: 156
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Posted: Thu, 04 Dec 2008, 9:48am Post subject:
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Two Pair
Joined: 04 Dec 2008
Posts: 41
WPP: 102
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| Well, it depends, is it legal income or illegal income is the first question you have to ask yourself. Are you in the U.S. and if so are you in one of the 13 states it's illegal in. If not in the U.S. is it legal to play in your country. These are good questions to ask yourself because obviously you never have before, because you haven't paid a lick of taxes on the money. First off to prove income, it has to be taxed, so you might want to take a chunk of that bankroll to a CPA and get that figured out first. Then you can take your tax papers and use them as proof of income and they will file it as self employed. hopefully this helps. |
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